SSAB AB (publ)

LSE:0KII Stock Report

Market Cap: SEK 66.6b

SSAB Valuation

Is 0KII undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 0KII when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

SEK 157.99
Fair Value
57.2% undervalued intrinsic discount
13
Number of Analysts

Below Fair Value: 0KII (SEK67.7) is trading below our estimate of fair value (SEK157.99)

Significantly Below Fair Value: 0KII is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0KII?

Key metric: As 0KII is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 0KII. This is calculated by dividing 0KII's market cap by their current earnings.
What is 0KII's PE Ratio?
PE Ratio13.7x
EarningsSEK 4.95b
Market CapSEK 66.55b

Price to Earnings Ratio vs Peers

How does 0KII's PE Ratio compare to its peers?

The above table shows the PE ratio for 0KII vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average24.3x
HILS Hill & Smith
21.7x9.76%UK£1.8b
CGS Castings
25x25.28%UK£120.8m
CRDA Croda International
27.4x16.49%UK£3.8b
MNDI Mondi
23.1x24.09%UK£3.8b
0KII SSAB
13.7x14.76%SEK 66.6b

Price-To-Earnings vs Peers: 0KII is good value based on its Price-To-Earnings Ratio (13.7x) compared to the peer average (24.3x).

Price to Earnings Ratio vs Industry

How does 0KII's PE Ratio compare vs other companies in the GB Metals and Mining Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ENPL En+ Group International
2.2x8.04%US$4.67b
NLMK Novolipetsk Steel
0.8xn/aUS$4.08b
EVR EVRAZ
0.4xn/aUS$1.42b
POG Petropavlovsk
2.5x12.47%US$56.91m
0KII 13.7xIndustry Avg. 15.9xNo. of Companies7PE01020304050+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 0KII is good value based on its Price-To-Earnings Ratio (13.7x) compared to the UK Metals and Mining industry average (15.3x).

Price to Earnings Ratio vs Fair Ratio

What is 0KII's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

0KII PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio13.7x
Fair PE Ratio20.9x

Price-To-Earnings vs Fair Ratio: 0KII is good value based on its Price-To-Earnings Ratio (13.7x) compared to the estimated Fair Price-To-Earnings Ratio (20.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 0KII forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentSEK 67.70
SEK 70.04
+3.45%
12.70%SEK 90.00SEK 57.00n/a13
Nov ’26SEK 60.34
SEK 69.13
+14.56%
15.15%SEK 90.00SEK 55.00n/a12
Oct ’26SEK 61.71
SEK 67.71
+9.72%
13.52%SEK 80.00SEK 52.00n/a12
Sep ’26SEK 55.21
SEK 68.46
+24.00%
13.32%SEK 80.00SEK 52.00n/a12
Aug ’26SEK 56.84
SEK 68.46
+20.44%
13.32%SEK 80.00SEK 52.00n/a12
Jul ’26SEK 56.06
SEK 72.77
+29.81%
15.79%SEK 91.00SEK 51.00n/a13
Jun ’26SEK 58.00
SEK 72.77
+25.47%
15.46%SEK 92.00SEK 51.00n/a13
May ’26SEK 59.58
SEK 72.31
+21.35%
15.42%SEK 92.00SEK 51.00n/a13
Apr ’26SEK 63.88
SEK 68.92
+7.90%
18.14%SEK 97.00SEK 51.00n/a13
Mar ’26SEK 64.79
SEK 62.92
-2.88%
11.87%SEK 75.00SEK 51.00n/a13
Feb ’26SEK 53.42
SEK 59.38
+11.17%
9.00%SEK 67.00SEK 50.00n/a13
Jan ’26SEK 44.99
SEK 59.73
+32.76%
12.94%SEK 73.50SEK 49.00n/a13
Dec ’25SEK 50.08
SEK 60.81
+21.42%
13.10%SEK 73.50SEK 49.00n/a13
Nov ’25SEK 50.57
SEK 62.08
+22.75%
15.44%SEK 82.00SEK 51.00SEK 60.3413
Oct ’25SEK 52.80
SEK 69.08
+30.83%
14.33%SEK 85.00SEK 56.00SEK 61.7113
Sep ’25SEK 49.91
SEK 69.93
+40.11%
12.39%SEK 85.00SEK 57.00SEK 55.2114
Aug ’25SEK 54.34
SEK 72.43
+33.29%
17.28%SEK 105.00SEK 57.00SEK 56.8414
Jul ’25SEK 58.14
SEK 76.93
+32.31%
17.98%SEK 105.00SEK 57.00SEK 56.0614
Jun ’25SEK 61.43
SEK 80.79
+31.51%
18.77%SEK 105.00SEK 58.00SEK 58.0014
May ’25SEK 62.70
SEK 81.36
+29.76%
18.40%SEK 105.00SEK 58.00SEK 59.5814
Apr ’25SEK 78.99
SEK 90.00
+13.94%
20.56%SEK 130.00SEK 55.00SEK 63.8814
Mar ’25SEK 80.34
SEK 90.21
+12.30%
20.34%SEK 130.00SEK 55.00SEK 64.7914
Feb ’25SEK 80.43
SEK 89.86
+11.71%
19.25%SEK 120.00SEK 55.00SEK 53.4214
Jan ’25SEK 77.08
SEK 84.00
+8.97%
23.67%SEK 120.00SEK 55.00SEK 44.9913
Dec ’24SEK 80.63
SEK 83.23
+3.22%
23.82%SEK 120.00SEK 55.00SEK 50.0813
Nov ’24SEK 67.27
SEK 81.08
+20.52%
20.78%SEK 105.00SEK 55.00SEK 50.5713
SEK 69.87
Fair Value
3.1% undervalued intrinsic discount
13
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/11/26 17:31
End of Day Share Price 2025/11/26 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

SSAB AB (publ) is covered by 35 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Tom ZhangBarclays
Alessandro AbateBerenberg